Latest news
Iberdrola to sell a stake in UK power grid to reduce its debt and finance further investments
Spanish power company Iberdrola, which owns the Scottish Power, is envisaging the sale of a minor stake in its UK power grid, valued at 4.5 billion pounds ($7.3 billion), as a strategy to reduce its debt and to fund the upgrade of Scottish electricity transmission grid.
read more... 28/09/2012
German power grid upgrading plan
Chancellor Angela Merkel unveiled a 20-billion-euro plan to upgrade the country's grid over the next decade as Germany quits nuclear power in favour of renewables such as wind and solar. Operators specified the type and location of new high voltage power lines to be built or modernised. Germany's 70-year old infrastructure was laid out to deliver steady power generated from fossil fuels to nearby consumers. But new installations are springing up not only far from consumers, but they tap renewable sources which produce intermittent power, creating technically challenging supply swings.
read more... 02/07/2012
Germany needs €20 bn to upgrade its power transmission network
Germany must invest about €20 billion ($25 billion) over the next decade to upgrade its power transmission network, as the nation decided to quit nuclear power and to use more renewable energy, aftermath the Fukushima nuclear catastrophe in Japan.
read more... 04/06/2012
Ireland launches a new €500million project to upgrade the electricity grid
EirGrid, the state-owned electric power transmission operator in Ireland, revealed a €500m power line project, called Grid Link Project, implying the development of a new power line linking Leinster and Munster in Ireland.
read more... 18/04/2012
Iberdrola invested EUR550 million to upgrade Spanish electricity grid
The Spanish utility Iberdrola invested EUR550 million in extending and improving electricity grid in Spain in 2011.
read more... 27/01/2012